At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.Position Summary
As part of the Stop Loss Center of Excellence, this role will be supporting the newly formed Stop Loss Underwriting team. In this role, you will support the organization's ability to achieve its financial and strategic goals through effective underwriting. Identifies and manages risk, focused on stop loss risk, to maximize revenue, membership, and earnings. Performs underwriting analysis and risk assessment for new and/or renewal of large group contracts and accountings.Requirements
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- Bachelor's degree or equivalent experience
- 3+ years of UW work experience
- Delivers complex, new business Stop Loss quotes and existing business renewals to manage risk while growing and retaining membership.
- Coaches more junior colleagues in techniques, processes, and responsibilities.
- Assists with establishing and implementing results-based programs and innovative initiatives for the Underwriter area, under general supervision.
- Applies in-depth knowledge of the Underwriter field to offer feedback for decisions and innovation strategies that enhance organizational growth and visibility.
- Reviews work for accuracy and recommends pricing and/or accounting alternatives based on financial analysis, underwriting principals, and business strategy.
- Conducts audits on premiums, fees and claim wires to ensure all receivables are accounted for and accurate.
- Working knowledge of business intelligence
- Working knowledge of problem solving and decision-making skills
- Adept at collaboration and teamwork
- Adept at growth mindset (agility and developing yourself and others) skills
- Experience and/or exposure to stop loss rating tools and processes as well as evaluating risk associated with the Stop Loss product.
- Bachelor's degree preferred.
40Time Type
Full timePay Range
The typical pay range for this role is:$60,300.00 - $145,860.00This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:
- Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
- No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
- Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.